635 – Residual Income: The Wealth Builder

Entrepreneurship
Entrepreneurship
635 – Residual Income: The Wealth Builder
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Residual Income is the WEALTH builder

Let’s face it — if you’re still grinding for every single dollar, you’re not building a business… you’re building burnout.

In Episode 635 of the TW3 Podcast, we’re unpacking one of the most crucial wealth-building tools in the entrepreneur’s arsenal: Residual Income.

This isn’t a get-rich-quick scheme, MLM pitch, or some pipe dream from your cousin who just discovered crypto. Nope. This is the real, replicable, revenue model our clients are using right now to stop chasing and start stacking.

From home service pros to digital marketers, I’m showing you practical, no-fluff ways to integrate recurring revenue streams into your business — and why it’s not just a good idea… it’s a game-changer.

🔥 What You’ll Learn in This Episode:

✅ The key differences between active income and residual income
✅ Why recurring revenue increases business valuation and stability
✅ Real-world recurring service ideas for home service business owners (HVAC, lawn care, cleaning, etc.)
✅ How to shift from chasing jobs to building a predictable pipeline of income
✅ The “Sprinkler vs. Lawnmower” analogy for rethinking your income strategy

🛠 Residual Income Ideas for Home Service Business Owners:

Whether you run a local cleaning service or you’re the top HVAC tech in your county, here are just a few recurring revenue ideas you can bolt on to your existing biz:

  • Monthly/Quarterly Maintenance Plans

  • Filter or Supply Delivery Subscriptions

  • Priority Scheduling Memberships

  • Seasonal Check-Ups or Inspections

  • Smart Home Monitoring or Tech Leasing

  • Affiliate Partnerships for Complementary Services

Residual income isn’t just for the tech world — it belongs in the trades, too.

🎤 Special Guest Interview: Fred Renoth of HB Skool

In the second half of this episode, I sit down with Fred Renoth, founder of HB Skool, who shares his entrepreneurial journey and how his platform is helping others build impactful, sustainable businesses.

We talk about:

  • The power of building a business around your unique calling

  • How to grow without compromising your values

  • Practical ways to scale without burning out

Fred’s story is powerful and timely — especially for anyone who feels like they’re stuck grinding instead of growing.

By terrywilson3 | May 13, 2025 | Consulting | No Comments |

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